Finance of America Companies
Finance of America Companies, founded in 2013, is a leading provider of diverse lending products and services, funding $7.4 billion annually and serving over 350,000 customers.
Company Overview
Founded in 2013, Finance of America Companies is a leading lending solutions provider. The company funds $7.4 billion annually, serves over 350,000 customers, and employs over 1,000 people. With a comprehensive suite of products and services, the company specializes in reverse mortgages, home improvement loans, and home sharing. Finance of America Companies is recognized for issuing nearly $2 billion in social bonds and for a formal Social Bond Framework aligned with the International Capital Market Association’s principles.
Products and Services
Finance of America Companies offers a diverse range of lending products and services. This includes reverse mortgages, home improvement loans, and home sharing. The company's subsidiary, Finance of America Reverse, is noted as the largest proprietary reverse lender in the US for over a decade. Their innovative approach encompasses loan origination, investing, and other lending services, forming a comprehensive financial solutions portfolio for their clients.
ESG Initiatives and Social Bonds
Finance of America Companies places a strong emphasis on Environmental, Social, and Governance (ESG) with a dedicated program to support these initiatives. The company has been a pioneer in social bond issuances within the reverse mortgage space, issuing nearly $2 billion in social bonds. Their Social Bond Framework is aligned with the International Capital Market Association’s Social Bond Principles, emphasizing their commitment to socially responsible financing and increasing lending in underrepresented communities.
Employee Benefits
Finance of America Companies is committed to offering a comprehensive suite of employee benefits. These include medical, dental, vision, FSA/HSA, life and AD&D insurance, 401(K), paid time off, and volunteer time off. Additionally, the company supports its workforce through Finance of America Cares, a nonprofit organization focused on grantmaking, employee assistance, volunteering, and giving. This initiative is notable for being employee-funded and company-matched, reflecting Finance of America Companies' dedication to employee well-being and community support.
Partnerships and Industry Leadership
Finance of America Companies is a cornerstone educational partner of the Financial Planning Association (FPA). They are also the first reverse lender on Morningstar’s Advisor Workstation, showcasing their leading role in the industry. Through these partnerships, the company enhances its commitment to providing financial education and resourceful tools for financial planning professionals, strengthening their position as a trusted and innovative lending solutions provider.